Sell or 1031 Exchange, what options?

[Kenny Tan]

Hello, helpful BP community. Here is my question re 1031 my duplex that is a 100% rental investment. I owned this prop since ’99, I am nearing retirement and don’t care for the hassles of property management and maintenance aspects. The local market is hot for duplex sellers, there is hardly any inventory. If I sell, there will be 300K cap gain and 80K deprec recapture. It will be a huge tax bite, for me anyway.

So I am thinking what are the options? e.g. 1031 into something that is low-touch, relatively safe and gives off a steady monthly income?

I have learned a little about TICs. What are the upsides and downsides? Are there better alternatives?

Kent